₹1,000 Crore Space Venture Fund to Support Indian Start-ups

Share this post :

Facebook
Twitter
LinkedIn
Pinterest

Why In The News?

A new ₹1,000 crore Space Venture Fund has been launched to provide financial support to Indian start-ups working in the space industry. The fund, created through a partnership between the Indian National Space Promotion and Authorisation Centre (IN-SPACe) and SIDBI Venture Capital Ltd (SVCL), aims to boost private participation in India’s expanding space ecosystem.

The goal is to make funding more accessible for early-stage companies that are working on research, development, and commercialisation in space technology.

credits: DD News

Role of IN-SPACe and SVCL

SVCL has been appointed as the fund manager, bringing its experience in managing venture capital initiatives for emerging sectors.

IN-SPACe, which acts as a key facilitator for private space activities in India, will oversee how the fund aligns with national space priorities.

Both organisations have stated that the fund will help create an ecosystem where start-ups can test, build, and scale technologies with better access to resources. This collaboration is part of a broader effort to encourage private investment and innovation in India’s space sector.

credits: startup india

Outlook for Indian Space Start-ups

The ₹1,000 crore fund is expected to increase financial support for space-based ventures and attract more investors to the sector. It may also promote collaboration among research institutions, government agencies, and private enterprises.

By improving funding availability, the initiative seeks to enhance India’s capacity to develop indigenous space technologies and strengthen its position in the global space market.

[Credits for header image: Startup India

This content is for informational purposes only and does not constitute legal, financial, or investment advice. This has been constituted based on third-party sources. We do not assume any liability for actions taken based on this information.]